Martin Siegel of Wool Finance Partners has arranged $1.05 million in financing for the acquisition of a 5- unit multi-family apartment building in Logan Square neighborhood of Chicago, IL. This asset was purchased by 2701 North Albany Avenue, LLC and will be managed by Eagle National Management, LLC both based in Chicago, IL. The lender, a national bank provided a non-recourse $1,005,000 conventional mortgage with a 7-year fixed-rate term, 30-year amortization at 4.23% with step-down prepayment.

In addition to conventional first mortgage financing, Wool Finance Partners’ principals also structure forward-funding loans, participating mortgages, joint ventures, construction loans, tax-exempt bond financing, stand-by commitments, acquisition and development loans, mezzanine financing, pre-sales and asset sales.

If you would like more information about the company please contact Martin Siegel at 847-283-0101 or email at